assume that the 2017 errors were not corrected and that no errors occurred in 2016. by what amount will 2017 income before income taxes be overstated or understated?
Answers
The overstated or understated amount of 2017 income before income taxes cannot be determined without information on the nature and magnitude of the errors.
It is impossible to estimate the precise amount by which income before income taxes will be exaggerated or underestimated without knowledge of the kind and scope of the inaccuracies in the 2017 income statement. The inaccuracies may have an impact on several factors, including revenue, costs, depreciation, and amortisation.
As a result, the income before taxes may be understated or overstated. To guarantee that accurate and trustworthy information is delivered to stakeholders for decision-making, it is crucial to find and fix any inaccuracies in financial statements.
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Related Questions
Suppose the adult population in the country of Candora is 171 million. The number of adults in the labor force is 97 million, and the number of unemployed adults is 74 million. The labor force participation rate in Candora approximately equals _____.
Answers
Answer:
The labor force participation rate in Candora approximately equals 56.72%.
Explanation:
Given that the adult population of Candora is 171 million, of which 97 million are in the workforce and 74 million are unemployed, to obtain the percentage of participation in the workforce of said country we must carry out the following calculation:
171 = 100
97 = X
(97 x 100) / 171 = X
9700/171 = X
56.72 = X
Thus, the percentage of participation in the Candora workforce is 56.72% of the country's adult population, while the remaining 43.28% are unemployed.
20Something's new strategy is to enter the European market with scaled-down stores. In what ways does this strategy lessen the financial risk to the company?
Answers
Something's strategy of entering the European market with scaled-down stores lessens the financial risk by reducing the initial investment, lowering operating costs, enabling market testing, and providing flexibility for adaptation.
1. Lower initial investment: By opening smaller stores, the company can reduce the upfront costs associated with establishing a presence in a new market. This includes expenses such as rent, construction, and inventory. With lower initial investment, the company can allocate its financial resources more efficiently and minimize the risk of overspending.
2. Reduced operating costs: Scaled-down stores typically require less staff, have lower utility bills, and require less inventory compared to larger stores. By operating with lower overhead costs, the company can achieve profitability more quickly and mitigate the risk of ongoing financial strain.
3. Testing the market: Opening smaller stores allows the company to test the market and gauge consumer demand without committing significant resources. By starting small, the company can gather valuable insights and adjust its strategy accordingly. This helps minimize the risk of investing heavily in a market that may not be receptive to its products or services.
4. Flexibility to adapt: Scaled-down stores provide the company with greater flexibility to adapt to changing market conditions. If the European market proves to be challenging or different than expected, the company can easily pivot its strategy without the burden of large, fixed assets. This adaptability reduces the financial risk of being locked into an unsuccessful approach.
These measures help the company navigate the new market more effectively and mitigate potential financial risks.
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a. Suppose a revolution in Iran results in a significant reduction in the world’s supply of oil.
Instructions: Drag the appropriate line in the correct direction to show the short-run effect on the AD/AS model.
This will:
reduce output and raise the price level.
increase output and raise the price level.
increase output and lower the price level.
reduce output and lower the price level.
b. Suppose the government takes no action to help the economy.
Eventually, the price level (Click to select) decreases or increases or returns to its initial value and output (Click to select) increases or decreases or returns to its initial value
c. Suppose, instead, the government decides to take action to help the economy because they are worried about a high level of unemployment.
You can recommend:
cutting taxes and/or raising spending.
raising taxes and/or raising spending.
cutting taxes and/or cutting spending.
raising taxes and/or cutting spending.
doing nothing.
d. If the U.S. government makes the appropriate policy response, what happens to the price level and output in the long run.
In the long run, the price level (Click to select) increases or decreases or returns to its initial value and output (Click to select) returns to its initial value or decreases or increases.
Answers
a."reduce output and raise the price level." This is due to the fact that a material decline in the global oil supply would result in a decline in aggregate supply (AS), which would reduce output and increase price levels (inflationary pressure).
b. The price level eventually returns to its initial value (over the long term), and the output does the same. This is so that, over time, both the price level and the economy can adjust to their respective natural levels of output.
c. You may suggest "cutting taxes and/or raising spending." This is due to the fact that tax cuts and/or more government expenditure are expansionary fiscal policies that can aid in boosting the economy and lowering unemployment.
d. Over time, both the price level and the output level return to their initial values. This is due to the fact that over time, the economy reaches its natural equilibrium, at which point the price level adjusts to balance out aggregate supply and demand at potential production.
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What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above
Answers
Answer:
this would be called spoofing.
Spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
What is legitimate source?
Legitimate source is defined as according to the law, something that is legal is acceptable.
It can also be defined as the electoral register is a genuine source of information that is currently available to the public.
A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.
A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.
Thus, spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
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a _________ presentation should be used to sell a product.
Answers
To market a product, a persuasive presentation should be used.
Influencing you to desire to do or think a certain way: a persuasive speaker or speech. Your justifications are strong.
There are many different types of persuasive writings, such as an advertisement tempting you to buy chocolate, a banner urging people to give up smoking, or a vacation brochure luring the reader to visit a specific nation.
To persuade the reader that the writer's opinion, assertion, or claim is true or valid, one uses the persuasive purpose.
Getting someone to agree with you right away. making it simpler to sell or market your products or services. helping you quickly establish rapport with others. Increasing the likelihood that a negotiation will be successful
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Analyse why the social benefit of education exceed the private benefit
Answers
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
Why do you think it is important to have a diverse number of careers to choose from? How would it affect our global economy if there were only one or two career clusters?
Answers
one of the critical requirements to coordination is a delicate balance between which of the following two structural concepts?
Answers
What are the two structural concepts that meet the requirements of balanced coordination and control?
Centralization DecentralizationModels of administration and Control of AuthorityCentralization indicates the operation of concentrating authority, that is, decision-making falls on or is centralized on a specific person or group of individuals, in order to optimize the work system of an organization or company administration, while, decentralization is the action of transferring or delegating authority to other hierarchies, that is, other departments or units of an organization or government can make decisions and generate greater benefits. You can even have a decentralized education system.
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As a general matter, banks are high leverage and low margin entities. Their capital levels are generally in the area of what percentage of assets?
Answers
As a general matter, banks are high leverage and low margin entities. Their capital levels are generally in the area of percentage of 8% assets under Basel III.
Investors view a bank's net worth or equity value as being the difference between its assets and liabilities, or bank capital. The asset component of a bank's capital is made up of cash, bonds, and loans with interest for e.g., mortgages, letters of credit, and inter-bank loans. The liabilities portion of a bank's capital includes loan-loss reserves and any outstanding debt. The amount by which creditors would still be paid if a bank had to liquidate its assets is known as capital.
Tiers of regulatory bank capital are established by Basel III. They are based on a bank's subordination and its capacity to absorb losses, with a clear separation between capital instruments used when the bank is still solvent and those used after it declares bankruptcy. The book value of common shares, paid-in capital, and retained earnings less goodwill and any other intangibles make up common equity tier 1 (CET1). CET1 instruments must be of the highest subordination and lack maturity.
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why is comparative value lead and value based organization?
Answers
Answer:
The organizations with a common set of values that are practiced, in our experience, corporately develop a culture of accountability. The commitment to a value system serves to strengthen the firm’s culture, increases role clarity, retention, and productivity, and serves as a long-term benefit.
While it is important for a leader to understand the values expressed by all members of the team, there are times when an employee’s values are not in alignment with the organization’s. When an individual is new to the practice, it sometimes becomes clear when they aren’t in alignment with the firm’s values. In these cases, the individual has the choice to adapt or transition to another organization to which they more closely align. Neither the individual or the organization is served when values are not in alignment.
Explanation:
Another values-based leader I worked for inspired trust at all levels in the organization and he always did the right thing. He kept us aligned to our vision with the foundation being the firm’s core values. As a result, the work environment was filled with trust, clear communication and the drive to a common purpose. He motivated us to think beyond ourselves which fostered an environment of individual and corporate success.
Today’s successful organizations have a strong and well-defined culture.
during fiscal 2018, shoe productions recorded inventory purchases on credit of $537.8 million. the financial statement effect of these purchase transactions would be to:
Answers
The inventory purchases made on credit would have an impact on the financial statements by raising inventory and accounts payable on the balance sheet and decreasing net income on the income statement.
Inventory, or stock in British English, refers to the goods and supplies that a business keeps on hand with the idea of selling them, utilizing them in production, or utilising them for other purposes.
Inventory management's primary goal is to specify the dimensions, configuration, and placement of goods that are kept in storage. There are various locations inside a plant or throughout a supply network where production and material stock must occur before the regular and scheduled course.
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Small businesses are required by the Small Business Administration to market hand goods only.
True
False
Answers
False. Every small business must register with the secretary.
what is the present value of a stream of $400 payments every month at the end of the month for 25 years if a fair discount rate is 6%
Answers
To calculate the present value of a stream of $400 payments every month at the end of the month for 25 years with a fair discount rate of 6%, we can use the formula for the present value of an ordinary annuity:
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where:
PV = Present Value
PMT = Payment amount per period
r = Discount rate per period
n = Number of periods
In this case:
PMT = $400
r = 6% per year / 12 months = 0.06 / 12 = 0.005 (monthly discount rate)
n = 25 years * 12 months = 300 months
Now we can calculate the present value:
PV = $400 * [(1 - (1 + 0.005)^(-300)) / 0.005]
PV ≈ $400 * (1 - 0.107775) / 0.005
PV ≈ $400 * 0.892225 / 0.005
PV ≈ $71,778.00
Therefore, the present value of the stream of $400 payments every month for 25 years, with a fair discount rate of 6%, is approximately $71,778.00.
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a cereal manufacturer wants to know how effective its packaging is in gaining attention. which research method is most appropriate?
Answers
A cereal company is interested in how well its packaging attracts attention. The best research method is direct observation.
Packaging is the best marketing tactic, but why is that?Appealing and welcoming packaging is crucial for brand awareness. New products on the market must find a way to immediately make an impression and sway consumers' purchasing choices. Statistics show that 70% of consumers base their opinion of a brand only on the packaging of its products.
What kind of research uses direct observation?a method of data collection when the researcher simply observes or hears the study subjects rather than directly asking any questions or controlling any factors. Direct observation is a useful tool in evaluation studies and field research.
Direct observation, also known as observational study, is a method for gathering evaluation data in which the observer watches the subject in his or her regular environment without altering anything.
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under federal and state law, a patient may only view their medical record once they have been discharged from the hospital. true or false
Answers
False. Under federal and state laws, patients generally have the right to access their medical records at any time, not just after being discharged from the hospital.
The Health Insurance Portability and Accountability Act (HIPAA) grants individuals the right to request and obtain copies of their medical records from healthcare providers. However, there may be certain procedures and protocols in place to ensure the privacy and security of the records and to facilitate the proper handling of requests. A patient is an individual who seeks medical care and treatment from healthcare professionals. In the context of healthcare, patients play a central role as recipients of medical services and participants in their own healthcare decisions. Patients have certain rights, such as the right to receive quality care, access to their medical records, informed consent, and privacy. They also have responsibilities, including providing accurate medical information, following treatment plans, and actively participating in their own health management. Effective communication, trust, and collaboration between healthcare providers and patients are crucial for ensuring optimal healthcare outcomes and patient satisfaction. Patients' experiences, needs, and preferences should be respected and considered throughout the healthcare process.
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7. What scenario the best way to prevent yourself from having the most investment loss?
Investing in a couple of strong stocks
Investing in one company's stock whose products you most often purchase
Having a diversified portfolio with a variety of investments
All of the above
Answers
Answer:
Having a diversified portfolio with a variety of investments .
Explanation:
The best alternative to avoid losses when making investments is to have a diversified portfolio, in which you have several stocks, bonds and other investment instruments that are not linked to each other, so that, in the event of a fall In one sector of the economy, the eventual gain of other sectors will keep the investor's money relatively stable. Thus, for example, you can have a portfolio with shares of technology companies, banks, raw materials and retail chains, together with bonds of economically stable countries, with which a negative result at the technological level, for example, would be placated by a positive result of the other investments.
In circumstances in which there is a labor union, employees may have to
A. allow another person to negotiate their salary
B. increase production to reduce employer costs
C. learn new skills or face unemployment
D. relocate to find work that fits their skills
Answers
Answer:
The answer is A. allow another person to negotiate their salary.
Explanation:
Answer:
A
Explanation:
Just took the test
Common resources fall into five general groupings. They include __________, Teams, Facilities, Equipment, and Supplies.
Answers
Based on the information given regarding common resources, the last option will be Personnel.
It should be noted that common resources simply refer to the resources that are useful for an organization to be able to achieve its objectives.
Common resources fall into five general groupings. They include Personnel, Teams, Facilities, Equipment, and Supplies.
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When is it appropriate to use a nontraditional résumé?
Answers
Answer: Nontraditional resumes are ideal for job seekers in particularly creative industries, such as marketing and design. More specifically, online resumes are helpful for applicants who want to post films, sound clips, photographs, or other pieces of work related to their industry.
Explanation:
Which best diagrams the correct obstacle to the example?
Answers
economic trade this is your answer hope it's helpful to you
Economic Trade is the answer.
94.0% complete Question Cecilia and Landon DeFee purchased their primary residence in North Carolina this year, but still maintain a vacation property in the Smokey Mountains. Their home in N. Carolina was purchased for $450,000, and they paid $22,349 in interest the first year. The vacation property was purchased 5 years ago for $300,000 and they paid $14,795 in interest this year. The couple has no other itemized deductions. What is the mortgage interest deduction for Cecilia and Landon
Answers
The mortgage interest deduction for Cecilia and Landon for the year is $37,144.
What is mortgage interest deduction?Taxpayers, like Cecilia and Landon DeFee, who own their homes on mortgages, can reduce their taxable income by the amount of interest paid.
The loan must be secured on their property and should not exceed $750,000 for married couples filing jointly or $375,000 for each couple filing separately.
Data and Calculations:Primary Residence Vacation Property Total
Mortgage for property $450,000 $300,000 $750,000
Interest paid $22,349 $14,795 $37,144
Thus, the mortgage interest deduction for Cecilia and Landon for the year is $37,144.
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Can anyone help me?
Saving money allows u to set more aside in a(n) ____ fund
Emergency
Bond
Exchange
Answers
Answer:
Saving money allows you to set more aside in an Emergency fund.
Suppose two nations (A and B) have identical levels of technology and savings rates, but A has a lower rate of depreciation than B.A). In a correctly labeled graph, please identify the steady states for A and B. Use labels kA* and kB*."B.) Suppose that both countries open their borders to foreign capital flows, thus equalizing the depreciation rates (assume it is an average of the two in part A). Label this on the graph in (A) and use new notations kAB and kBB.
Answers
A) In a correctly labeled graph, the steady states for A and B can be identified as kA* and kB* respectively. Nation A has a lower depreciation rate than Nation B. To illustrate this on a graph, first plot the capital per worker (k) on the x-axis, and the depreciation (d) and investment (s) functions on the y-axis.
The steady state for each nation is found at the intersection of their respective investment and depreciation curves. For Nation A, the intersection will be at kA*, and for Nation B, it will be at kB*.
B) If both countries open their borders to foreign capital flows, their depreciation rates will equalize, resulting in an average depreciation rate. On the graph from part A, this will shift the depreciation curves for both countries. The new steady states will be represented by kAB for Nation A and kBB for Nation B. To find these points, locate the intersections between the new, equalized depreciation curve and the respective investment curves for each country.
In summary, to answer your question in 150 words, you can represent the steady states for Nations A and B on a graph with kA* and kB* by plotting their investment and depreciation functions. When both countries open their borders to foreign capital flows and equalize depreciation rates, the new steady states will be kAB for Nation A and kBB for Nation B, found by locating the intersections between the new depreciation curve and each country's investment curve.
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Which statement best describes the difference between an epidemic and a pandemic?
A pandemic lasts for a long time, and an epidemic lasts only a short period of time.
A pandemic involves many deaths, and an epidemic only involves sickness.
An epidemic is contained to a region, and a pandemic is global
An epidemic involves an illness where a pandemic involves an injury.
acupuncture, herbal medicine, and meditat
the Hippocratic Oath, the humoral theory, and meditation
bloodletting, plasters, and herbal medicine
Answers
Answer:
a pandemic involves many deaths , and an epidemic only involves sickness
Answer:
An epidemic is contained to a region and a pandemic is global.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
______ is a natural ability to understand and/or perform in a particular area.
Skill
Sport
Job
Aptitude
Answers
Answer:
Aptitude
Explanation:
Aptitude is the inborn potential to perform well in certain areas. It is a talent that makes an individual good in a particular discipline. Aptitude includes natural abilities to acquire knowledge or engage in physical activities. In other words, aptitude includes both mental and physical capabilities. Aptitude enables easy training or development of an individual in the areas where they are gifted.
Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?
Answers
Answer:
To find the answer, we use the Consumer Price Index (CPI) formula:
CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100
In this case, we will assume that the base year is period 1, and the given year is obviously period two.
Now, we simply plug the amounts into the formula:
CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100
CPI = ( 48 / 47 ) * 100
CPI = 102.13
In other words, the inflation rate for this CPI was 2.13%
which is true about best practice frameworks and standards?
Answers
Best practice frameworks and standards provide guidance and structure for effective processes and operations.
Best practice frameworks and standards are established guidelines that provide a roadmap for organizations to follow in order to achieve desired outcomes.
These frameworks and standards are based on proven methodologies and successful experiences, and provide a common language and understanding for organizations. They help organizations to develop and maintain efficient and effective processes and operations, and ensure that tasks are completed consistently and to a high standard.
Adherence to these frameworks and standards can lead to improved quality, increased productivity, and better overall outcomes for organizations. They also provide a benchmark for organizations to assess their performance against and to identify areas for improvement.
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Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers in as little as 30 seconds. Not to mention you can easily message somebody without any problems.
Answers
Answer:
what happened to karlie
Explanation: